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Toyota, NTT to invest $3.3 bln on development of AI platform
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Toyota, NTT to invest $3.3 bln on development of AI platform
Oct 30, 2024 10:34 PM

TOKYO, Oct 31 (Reuters) - Toyota Motor ( TM ) and

Nippon Telegraph and Telephone ( NPPXF ) said on Thursday

they expect to invest a total of 500 billion yen ($3.27 billion)

by 2030 into an infrastructure and software platform using

artificial intelligence (AI) to reduce traffic accidents.

The automaker and the Tokyo-headquartered telecommunications

firm said they plan to develop a mobility AI platform that uses

large amounts of data to support driving assist technology.

The firms are targeting having a working system ready by

2028 and provide it to other automakers, aiming for widespread

adoption from 2030 onwards.

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